Mbank & 7X Transform UAE Payments with AE Coin Integration
<p>The UAE is taking another major leap toward a future-ready digital economy as <strong>Al Maryah Community Bank (Mbank)</strong> and <strong>7X</strong>, one of the nation’s leading trade, logistics, and transport groups, announce a groundbreaking partnership to integrate blockchain-powered payments into the UAE’s logistics and e-commerce ecosystem. This collaboration will introduce <strong>AE Coin</strong>, the country’s first <strong>AED-pegged stablecoin licensed by the Central Bank of the UAE</strong>, into everyday payment channels across postal, courier, logistics, and digital platforms.</p><p>As the UAE continues shaping itself into a global hub for innovation and financial technology, this initiative reinforces the country’s commitment to secure, transparent, and instant digital transactions. It also marks one of the most significant real-world applications of stablecoin technology in the region.</p><h3><strong>A New Era of Digital Payments in UAE Logistics</strong></h3><p>With AE Coin integration, customers across the 7X network will soon be able to pay for multiple services — from courier deliveries and postal operations to e-commerce fulfillment and digital logistics solutions — using a regulated, blockchain-based currency. AE Coin’s stability, being pegged to the UAE dirham, ensures reliability while offering the speed and efficiency of blockchain settlements.</p><p>The initiative supports the UAE’s wider digital economy agenda, which aims to strengthen the nation’s leadership in fintech, increase financial inclusion, and elevate customer experiences across all sectors.</p><h3><strong>Empowering Payment Innovation Across the 7X Network</strong></h3><p><strong>Tariq Al Wahedi, Group CEO of 7X</strong>, highlighted how the partnership connects digital finance with the UAE’s vast logistics infrastructure. He described digital payments as a natural extension of the systems that move goods and services across the country daily.</p><p>By combining AE Coin's fully regulated, AED-backed architecture with the extensive reach of the 7X logistics network, customers and merchants will benefit from:</p><p>Faster transaction settlement</p><p>Enhanced payment security</p><p>Improved convenience and accessibility</p><p>Lower transaction costs</p><p>Greater opportunities for SMEs and online merchants</p><p>Al Wahedi emphasized that the collaboration aligns perfectly with the UAE’s vision for a cashless, technology-driven economy. Not only does it enhance efficiency and customer experience, but it also opens new opportunities for businesses to participate in a rapidly evolving digital marketplace.</p><h3><strong>Mbank’s Role in Shaping the Future of Digital Finance</strong></h3><p><strong>Mohammed Wassim Khayata, CEO of Mbank</strong>, said the partnership represents a major milestone for the UAE’s financial sector. By enabling AE Coin usage across nationwide postal and logistics services, the initiative bridges the gap between blockchain technology and real-world applications.</p><p>He emphasized that the collaboration supports the UAE’s mission to build a <strong>smart, digitally enabled economy</strong>, adding that customers and businesses will enjoy:</p><p>Faster settlement speeds</p><p>Reduced transaction fees</p><p>Secure and compliant blockchain payments</p><p>Khayata noted that Mbank’s blockchain-powered <strong>AEC Wallet</strong> will play a central role, allowing individuals, SMEs, and corporates to seamlessly use AE Coin for everyday transactions.</p><h3><strong>Driving Stablecoin Adoption Under a Robust Regulatory Framework</strong></h3><p><strong>Ramez Rafeek, General Manager of AED Stablecoin LLC</strong>, acknowledged the partnership as a transformative step for stablecoin adoption in the UAE. The integration of AE Coin into logistics, e-commerce, and digital systems enhances transparency, improves transaction speeds, and reduces operational costs for businesses and consumers.</p><p>He added that the initiative strengthens the UAE’s global position as a pioneer in financial technology, showcasing how stablecoins can operate safely and successfully under a regulated environment.</p><h3><strong>Strengthening UAE’s Smart Logistics and Digital Services</strong></h3><p>The partnership also aligns with 7X’s broader strategy to elevate its technology-driven portfolio. This includes subsidiaries and platforms such as:</p><p><strong>NXN</strong> – UAE’s National Network for logistics</p><p><strong>EMX</strong> – 7X’s logistics and freight arm</p><p><strong>FINTX</strong> – fintech solutions provider</p><p><strong>EDC</strong> – digital transformation solutions</p><p><strong>Emirates Post</strong> – UAE’s national postal operator</p><p><strong>Waslah</strong> and <strong>Wayn</strong> – leading digital logistics and postal platforms</p><p>By integrating AE Coin across these services, the UAE moves closer to a seamless digital payment ecosystem that supports efficient operations and exceptional customer experiences.</p><h3><strong>Phased Nationwide Rollout of AE Coin Payments</strong></h3><p>The introduction of AE Coin will occur through a phased rollout across the UAE, ensuring smooth implementation and scalability. Customers will be able to transact using the <strong>AEC Wallet</strong>, which offers secure, instant, and blockchain-enabled payments designed for individuals and businesses alike.</p><p>As the UAE accelerates its journey toward becoming a fully digital economy, the Mbank–7X partnership stands as a landmark moment in combining financial innovation with logistics infrastructure — setting new standards for speed, security, and technological advancement.</p>